Two Conditions Allow a Single Seller to Become a Monopolist

question 22

Multiple Choice

Two conditions allow a single seller to become a monopolist.Those two conditions are that the firm must

• A) have something unique to sell and it must be able to estimate its demand curve.
• B) have something unique to sell and it must have a way to prevent potential competitors from entering the market.
• C) be able to estimate its demand curve and it must have a way to prevent potential competitors from entering the market.
• D) be able to segregate its consumers and it must have a way to prevent potential competitors from entering the market.
• E) have something unique to sell and it must be able to segregate its consumers.

---

Definitions:

Corporate Secretary

An executive officer responsible for overseeing administrative functions and ensuring compliance with statutory and regulatory requirements.

Corporate Clerk

A corporate officer responsible for maintaining the records and administrating the daily operations of a corporation.

Bookkeeper

A person responsible for recording the financial transactions and maintaining the accounting records of a business.

Obedience

The act of following orders or instructions from authority figures, often seen as a form of compliance within hierarchical organizations.